President Donald Trump has confirmed a gala dinner on May 22 for the top holders of the $TRUMP token. The 220 largest holders are invited to this exclusive event, with the top 25 accessing a private reception. This initiative has generated controversy, as some critics see it as a possible practice of 'pay for access', especially given that 80% of the token supply is in the hands of entities linked to Trump.
Since its launch in January 2025, the $TRUMP token has experienced notable volatility. It reached an all-time high of $73.43 in January, but is currently trading around $11.25, representing a drop of 84.7% from its peak. Despite this, the announcement of the dinner triggered an increase in its value and trading activity, with a market capitalization exceeding $2.2 billion and a daily trading volume of over $800 million.
This event underscores the growing intersection between politics and cryptocurrencies, raising questions about transparency and ethics in the use of digital assets for political purposes.
Innovation in fundraising or a concerning precedent?
💬 Join the Conversation
👉 Like if you found this contribution impactful
👉 Share to raise awareness
👉 Comment your own analysis and contributions in the Crypto community
